Study the table below and use it to answer the question
Cost Price (N) | Useful life (Years) | Salvage value (N) | Annual depreciation (N) | Total depreciation |
20000 | Y | 5000 | 1000 annum | 15000 |
60000 | 10 | 18000 | 4200 annum | Z |
The total depreciation represented by Z in the illustrated table is
N42,000
N78,000
N22,200
N55,800
Correct answer is A
Cost Price (N) = 60000
Salvage value (N) = 18000
Annual depreciation (N) = 4200
Useful life (Years) = 10
The formula to calculate the total depreciation is:
Total depreciation = (Cost Price - Salvage value) / Useful life
Now, let's plug in the values:
Total depreciation = (60000 - 18000) / 10
Total depreciation = 42000 / 10
Total depreciation = 4200
Therefore, the total depreciation represented by Z in the table is N 42,000.
What does the term "recombinant DNA" refer to in biotechnology? ...
Hereditary characteristics are passed from parents to offspring through the ...
The deficiency of nitrogen in a maize plant can be corrected by applying? ...
Oestrogen in female animals is not responsible for ...
An area of land where fruit trees are cultivated is commonly called ...
The diagram above is a crop pest. A cultural method used in controlling the pest illustrated is ...
The amount of planting material needed for a given area of land is known as ...
The most unreliable source of power on the farm is ...
Which of the following is a symptom of black-pod disease of cacao? ...